Continue the theme of comparing the US system to other countries. I also would like to have more of a discussion going than we have had in previous weeks.   Country Comparison   Pick any two countries and compare the key attributes of their social security programs. Which country do you think will have the […]

Economic Scenarios Questions Suppose that the economy is at full employment (our economy has reached its potential GDP or the maximum that we can normally produce). Now suppose that the Federal Government decides to decrease taxes. If we compare the long run price and GDP levels to the price and GDP levels that existed before […]

Fiscal Policy Checkpoint Discussion   Can Congress and the President Ever Balance the Federal Budget?   Read: the description of public choice theory: “Public choice – Definition” at http://www.wordiq.com/definition/Public_choice. If you need more information, check out: “Public Choice” at http://www.econlib.org/library/Enc/PublicChoice.ht… and/or “Public Choice Theory” at http://www.econlib.org/library/Enc1/PublicChoiceTh…   Read: “Why Congress’s Bipartisan Budget Deal Should Make […]

ECO4451 TU Use the following information to create a set of recommendations. Use the following information to create a set of recommendations. You or your group are members of the upper management team at ExxonMobil a large multinational corporation currently listed on the New York Stock Exchange (NYSE).(Hint: publically traded company) You report directly to […]

Problem 1 Consider an office firm in a monocentric city. The labor-cost function is ????=60−6????, where x is the distance to the city center (from 0 km to 5 km). The interaction cost (for travel between the office firms is ????=12+????????, where ???? is a parameter (a variable beyond the control of the firm). a. […]

DOC 721 UOPX Healthcare Economic Presentation Assignment Content Economic terms and concepts are defined in a specific way, which may be different from the way the terms are used in everyday writing and speaking. Select 4 terms from the list below: o Supply o Demand o Opportunity cost o Economy of scale o Productivity o […]

Imagine that you are hired by the Bureau of Labor Statistics (BLS) as an international economist to analyze data on the international economy and to provide policy recommendations to the U.S. government. Your essay should include the sections described below. Introduction: Provide a brief summary of international trade, and include one sentence on whether you […]

Read the article titled “The Hidden Monopolies That Raise Drug Prices (Links to an external site.)Links to an external site.” in The American Prospect about a current monopoly (or near-monopoly, which effectively is very similar) in the US drug market.Explain what parts of the article were illuminating, disturbing, disagreeable, etc.What did you learn from the […]

10.11. Describe the terminal value of the following portfolio: a newly entered-into long forward contract on an asset and a long position in a European put option on the asset with the same maturity as the forward contract and a strike price that is equal to the forward price of the asset at the time […]

1. It is widely believed that standard neoclassical (supply and demand) economics supports free-market conclusions, while behavioral economics (game theory experiments, bounded rationality, Winner’s Curse, imperfect information models, etc.) supports government intervention. Give two counter-examples. Explain your reasoning. 2. Name one concept from this class that you believe will have the largest private benefit to […]